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to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
for our debate warm-up. is from the getting more specific about the tax plan? we think so. we have the details. welcome to "the willis report." hello, everybody. i'm gerri willis. tonight is the night. obama versus romney. this same stage. the expectations are sky-high. it seems like all obama had to do is show up. with more on this neil cavuto from denver. can romney meet these expectations? >> they are high expectations. the pressure is on him because of these polls. i often think that a lot is put on the challenger. sometimes he can benefit by showing up and sharing the stage with the president of the united states. already on equal footing with him in that respect. he does have the advantage of a dicey economy going forward. the president's supporters say it is not as it had been, and there is some economic news today that portends may be the worst is behind it. but i agree with that. if you want to be in game changer this is the night. and no one doubts the earlier point. he has the smarts. does he have the passion to deliver? the fact that he tipped his hand a little bit on h
, they are being crushed. >> that is when joe biden says. >> how they can justify raising taxes on the middle class who has been bearish for the last four years. >> to joe biden. [applause] don't boo, he has the best thing we have got going, guys. >> it was the biggest drop since -- i read that in a column friday morning. on the cover 25 1415 the english king henry the fifth led his army to victory. french king charles the sixth was mentally incapacitated at the time of battle. that is about as far as i wanted that one. charles? >> you were there, as i recall, you covered it for "the daily frog." it was felt he could of been moe aggressive. >> quite a route. i must say, when i wrote the column, i tried to keep on quoting -- keep from gloating. >> you did not. >> the whington punditry says that mitt romney won the debate hands down and that the president was aware of his game. here is a sample. >> you have been president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there i
they can justify raising taxes on the middle-class who have been buried the last four years. >> to joe biden. no, don't boo. he is the best thing we have got going, guys. >> it was the biggest brownson's encore. i read that in a column friday morning. on the cover 25th, 1415 on christmas day at parkton corps, king henry led his army to victory. charles the six was mentally incapacitated at the time of battle. that is as far as i want to take that one. agincourt? >> yes, you were there, as i recall. you covered it for the daily frog. it was quite a rout. when i wrote the column, i try to keep from gloating, but i'm not sure i succeeded. >> you did not. >> the washington punditry heavily supported by the polling concludes that government romney won the first debate hands down and that the president was off his game. >> you have been president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the
government. >> that trickle down government phrase looks like an attempt to neutralize attacks on his tax plan as just one more version of, quote, trickle down economics. romney did some major cleanup work yesterday on the comment that had been the most damaging to his campaign in the last few weeks, the 47% comment. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. in this case i said something that is just completely wrong. i absolutely believe, however, that my life has shown that i care about a hundred percent. >> that's what he said. everything he said there he said was completely wrong. does raise this question. how many resets can a presidential nominee have? take a look at romney's shifting responses over the last three weeks on 47% to put it all in perspective. >> as i point out i recognize that among those that pay no tax approximately 47% of americans i'm not likely to be highly successful with a message of lowering taxes. you know, it's not elegantly stated. let
the subject. i think he had had enough talking about taxes and debt. how much of it is just not true? there was one moment when they were talking about how only 3% of the business owners would be affected, but governor romney came back and pointed out that they are the ones who create most of the jobs. i think tonight was an important moment. i think for the first time, the american people saw these two men standing next to each other. they saw a dramatic difference between someone based on realistic ideas and a president who's in towercam pay is based on rhetoric and myth. >> the facts or on his side. the president could not justify his position. the first the minutes were painful to watch. the president kept going are around and around on the tax issue. the governor was ready. muncie realized he had run out of a tax and things to say that were not true, he wants to change the subject. he turned to the moderator and said maybe we should move on to something else pyrrhic he was clearly uncomfortable discussing the debt and the economy. greg will we see a jump in the polls for mr. rom
: we need our competitiveness back, we need better regulation, better tax policy, better way to grow the hell out america. >> thank you very much. which will win out? today's jobs numbers that could be a positive for the president? or wednesday's debate where governor romney appeared to gain the upper hand? real clear politics keeping track of it all. tom, thank you very much. we have two conflicting numbers, the post debate romney surge and this morning the jobless number that looks like president obama is going to use on the campaign trail. which is more important to the membership? >>guest: that is a great question. the debate was important for the romney campaign. we have had bad job numbers now for months upon months leading up to this and they never affect the members. you can make the argument that despite the fact that rebound got a good jobs number, a good unemployment rate ticked down in the unemployment rate that may or may not impact the numbers. >> post debate there is indication, we have scott rasmussen coming up later talking about the polls, post debate happens now, i
that says, if we cut taxes, skew toward the wealthy, and roll back regulations we will be better off. i have a different view. i think we have to invest in education and training. i think it is important for us to develop new sources of energy here in america, that we change our tax code to make sure we are helping small businesses and companies here in the united states. that we take some of the money we are saving as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your anniversary. i am sure this is the most dramatic place you could imagine, here with me. so
're going. governor romney has a perspective that says if we cut taxes skewed towards the wealthy and roll back regulations, that we'll be better off. i've got a different view. i think we've got to invest in education and training. i think it's important for us to develop new source of energy here in america. that we change our tax code to make sure that we're helping small business and companies that where investing here in the united states. that we take some of the money we're saving as we weend down two wars to rebuild america. and that we reduce our deficit in a balanced way that allows us to make these critical investments. now, it ultimately going to be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess, or do we embrace a new economic patriotism that says america does best when the middle class does best, and i'm looking forward to having that debate. >> lehrer: governor romney, two minutes. >> thank you, jim. it's an honor to be here with you, and i appreciate the chance to be wit
jobs and the economy. >> brown: plus, we have our own debate on the differing approaches to taxes and deficit reduction. >> woodruff: then, we turn to the war in syria, as skirmishes spill over the border with turkey for a second day in a row. >> brown: we come back to last night's debate with two takes on how it was received. ray suarez talked to voters in the swing state of florida. >> i didn't hear what i need to about jobs. that is the number one interest of generally everyone in the united states. >> woodruff: and in our regular "daily download" segment, margaret warner explores how the face off played in social media. >> brown: and it hasn't happened in baseball in 45 years. we look at 'triple crown' winner miguel cabrera of the detroit tigers. that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program
is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* #
, taxes and the future of health care. nbc's steve handelsman has more. >> reporter: the pressure was on mitt romney who needed a turn around. president obama came into the debate ahead in every battleground state. with an estimated 60 million americans watching on tv, cable and the web, moderator jim leherer asked can you put more people to work? >> the answer is, yes, we can help. >> reporter: romney would cut taxes and regulations on small business. >> my priority is jobs, and so what i do is i bring down the tax rates. >> governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut. >> reporter: which the president claimed would help the rich at others' expense. >> the average middle class family with young children would pay $2,000 more. >> everything he said about my tax plan is not accurate. >> it is not possible to come up with enough tax cuts to avoid either raising the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security one agreement. >> neither the president nor i are propos
institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
team coverage tonight. jim angle has a fact check on last night's most heated issue, tax policy. ed henry has the obama campaign reaction. and we begin with carl cameron on the first debate. good evening, carl. >> hi, brett. the romney campaign could hardly be more excited about what happened last night. in fact, since the debate ended, they say they've been getting two donations per second as a measure of mitt romney's success the morning after is general election debate debut against the president, mitt romney made a surprise appearance to a thrilled and leaved audience of conservatives. >> last night i thought was a great opportunity for the american people to see two very different visions for the country. >> he reiterated a new attack. >> trickle down government that the president proposes is one where he will raise taxes on small business, which will kill jobs. i instead want to keep taxes down on small business so we can create jobs. >> romney awoke to rave reviews across the country and democrats admit he delivered. >> virtually everything you said about my tax plan is inacc
away from fundamentally every position that he had taken. you cannot cut taxes by $5 trillion, as he's doing, and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad out just on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, "mostly fiction." even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes, that adds up in a reduction of revenue. the question for governor romney is what loo
was surprising was how much time mitt romney spent on the defensive tonight over his $5 trillion tax cut for millionaires and billionaires. he can't explain the budget math. that tax cut for millionaires and billionaires -- neil: he said it's not $5 trillion by the way. here's my thought. i don't know who's right, by the way, but i have a question for you. how does that register back to average folks at home? is to, is not, is to, is not. does that leave folks confuse the like what the hell is this? >> well, you've seen the polling, the "wall street journal" nbc poll last week saying the american people side with the president on taxes, and they think it's crazy mitt romney is raising taxes on the middle class family with kids di $2,000 to pay for $5 trillion tax cuts on millionaires and billionaires. neil: well, he said that's not the case. i know where we go on this. do you think the president's blows were as many as romney's blow? i mention this because they go through, we'll give the president points on how he got -- how romneycare, it's a slippery slope, distinguishing it from the n
philosophical agreements to come through. first on taxes where the president pressed romney on what he characterized as a $5 trillion tax cuts. >> he's saying he's going to pay for it by closing loopholes and deductions. the problem is he's been asked over 100 times how to close the deductions and loopholes and he hasn't been able to identify them. >> virtually everything he said about the tax plan is enaccurate. if it were a tax plan i was asked to support, i would say absolutely not. i'm not looking for a $5 trillion tax cuts. i said i won't put in place a tax cut that adds to the deficit. >> for 18 months, he's been running on this tax plan, and now, five weeks before the election, he's saying his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> it dominated the deficit reduction part of the debate as the president reached back to an iconic moment from the primaries. >> governor romney stood on the stage with other republican candidates for the nomination, and he was asked, would you take $10 of spending cut
, taxes and the future of health care. nbc's tracie potts is in denver for us. she has a preview. good morning to you, tracie. >> reporter: lynn, good morning. the pressure was on for romney to perform, to back up his ideas with details, taking on the man that even republicans called one of the most skilled debaters in modern politics. the point of this debate was to make differences clear on lowering the debt. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cu
, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing on aides since august. b
and tax policies to get small businesses funding, make sure we are open for business and we can get production and manufacturing back here and get people back to work. it is important to talk about that after a revision of the g.d.p. numbers in the second quarter down to 1.3 percent. that is below anemic. we are not out of the fiscal woods yet. >>neil: we talk about economic numbers. you preferred to the g.d.p. data. just today, congressman, we had surprisingly strong growth in private sector numbers that may or may not mirror what happens on friday, a gain of 162,000, but, all of this is on the same day a number of companies are were watching that things do not look good and there could be an earnings recession. what do you think is the real state of the economy right now and what mitt romney has in his position tonight? >>guest: the most important thing is mitt romney needs to show that the president and his previous budget that he has proposed with trillions of dollars in new taxes only does one thing: it grows the debt. it does not do anything if the deficit we have had. you giv
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy, the fellow on stage last night said he didn't know anything about that. the real mitt romney said we don't need any more teachers in our classrooms. but don't boo, vote. but the fellow on stage last night, he loves teachers. can't get enough of them. the mitt romney we all know invested in companies that were called pioneers of outsourcing jobs to other countries. but the guy on stage last night, he said that he doesn't even know that there are such laws that encourage outsourcing. he's never heard of them. never heard of them never heard of tax breaks company for companies that ship jobs overseas. he said if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current accountant. so you see, the man on stage last night, he does not want to be held accountable for the real mitt romney's decisions and what he's been saying for the last year. and that's because he knows full well that
its fiscal kluck with soaring tax hikes for nearly every household in the country. >> it's a huge tax increase, much larger than we have seen. it's more than $500 billion for next year alone. >> upper-income taxpayers in the top 1% would see an average tax increase of more than $120,000. in the middle, they will be hit with about $2,000 more in taxes. most income taxpayers making less than $20,000 can expect to pay $400 more. >> the stroke of midnight december 31st, all of these will occur. will have a whole new tax world. higher taxes. warpers paycheck in january will be smaller. >> lawmakers not expected to do anything until after the election in november. >> is all or nothing? is there a chance they could survive partially? >> they still have to figure it out. there are some bush administration tax cuts all the way through the obama administration. what they're going to do is figure out they will renew some of them, let them expire. bottom line -- we will all feel the pain, it's just a question of how much. >> will be interesting to see if they discuss that in the debate might.
-- >> govern romney's proposal calls for a $5 trillion tax cut. >> andthe man after his ob >> i'm not looking for a $5 trillion tax cut. what i said is i won't put in place a tax cut that adds to the deficit. >> their first debate, contentio contentious. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> virtually everything he said about my tax plan sin accurate. look, i have five boys. i'm use the to people saying something that is notays ultimately hoping i'll believe it. >> the question this morning, did either candidate do enough to make believers out of america's undecided voters? >>> it is the day after. good morning and welcome to "early start," everybody. >>> it's 5:00 a.m. in the east. first, round one. it is now in the books. mitt romney has something to celebrate. in a cnn poll, 67% said romney won the first presidential debate. 25% think president obama was the victor. >> there were no real knockout punches thrown last night, more like a series of glancing blows with romney the aggress
Search Results 0 to 49 of about 635 (some duplicates have been removed)